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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Transit Dr Columbus, OH 43230

    • Hotels
    • 46,096 SF
    • 13.53 lot acres
    OFF-MARKET
    Value Estimations
    $2,215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3540566
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hotels

    Property Details for Transit Dr

    Year built
    2015
    Construction
    WOOD
    Lot size
    13.53 lot acres
    Property size
    46,096 SF
    Property type
    Hotels
    APN
    600-150027
    APU
    600150027

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,955,000
      6.5%
      $2,730,000
      7%
      $2,535,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,824,000
      Market price range: $447k - $2.82M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9071
    Latitude
    40.0638
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $262,842
    $204,790
    $3,580,500
    $3,785,290
    -
    $585,100
    $10,230,000
    $10,815,100

    Comparable in this City

    • Value Estimation
      $1,750,000
      35,784 SF

      785 Cross Pointe Rd

      HOTEL • 35,784 SF
      785 Cross Pointe Rd, Columbus, OH 43230-7036
      View Details
    • Value Estimation
      $2,315,000
      59,582 SF

      4899 Sunbury Rd

      HOTEL • 59,582 SF
      4899 Sunbury Rd, Columbus, OH 43230-1131
      View Details
    • Value Estimation
      $15,500,000
      88,812 SF

      4150 Stelzer Rd

      HOTEL • 88,812 SF
      4150 Stelzer Rd, Columbus, OH 43230-4169
      View Details
    • Value Estimation by Request
      0.84 Acres

      Morse Rd

      HOTEL • 0.84 Acres
      Morse Rd, Columbus, OH 43230
      View Details
    • Value Estimation
      $9,030,000
      172,848 SF

      Sunbury Rd

      HOTEL • 172,848 SF
      Sunbury Rd, Columbus, OH 43230
      View Details
    • Value Estimation
      $4,555,000
      72,010 SF

      460 Waterbury Ct

      HOTEL • 72,010 SF
      460 Waterbury Ct, Gahanna, OH 43230-3450
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Gahanna Office/Warehouse Unit For Sale

      72,000 SF office/warehouse unit with excellent transportation access.
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      Updated Condo with Resort Amenities

      Updated 2-bedroom condo near New Albany, Gahanna, and Easton.
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      1,947 SF

      Gahanna Condo with Wooded Views

      Move-in ready condo in Gahanna with updated features and amenities.
      304 Sycamore Woods Ln, Columbus, OH 43230
      View Details
    • Contact for pricing

      Land with Infrastructure and Utilities

      Land with utilities, easy highway access, and development potential.
      Tech Center Dr, Gahanna, OH 43230
      View Details
    • $1,590,000

      Restaurant Opportunity on Acreage

      Commercial property with restaurant history on 1.39 acres.
      550 Officenter Pl, Columbus, OH 43230
      View Details
    • $249,000
      2.00 Acres

      Gahanna Commercial Land - Development Opportunity

      Prime Gahanna land, ideal for various uses.
      1200 Claycraft Rd, Gahanna, OH 43230
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      30,571 SF

      Taylor Crossing: Prime Columbus Space

      Versatile Industrial/Office Suites Available
      620 Taylor Station Rd, Gahanna, OH 43230
      View Details
    • $14 SF/Yr
      2,600 SF

      Office Suites For Lease

      Office suites available for lease in visible location.
      830 E Johnstown Rd, Columbus, OH 43230
      View Details
    • Contact for pricing

      Gahanna Office Sublease Opportunity

      Two-story office space with prominent signage and ample parking.
      4261 Morse Rd, Gahanna, OH 43230
      View Details
    • Contact for pricing
      8,511 SF

      Gahanna Retail Space For Lease

      Prime Gahanna retail space available now.
      112 Stygler Rd, Gahanna, OH 43230
      View Details
    • Contact for pricing
      87,120 SF

      Gahanna Retail Land Opportunity

      High-visibility land near Gahanna Lincoln High School.
      470 Havens Corners Rd, Columbus, OH 43230
      View Details
    • Contact for pricing
      1,285 SF

      Medical Office Space For Rent

      Medical office space near Easton Town Center and I-270.
      1329 Cherry Way Dr, Columbus, OH 43230
      View Details
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    Transit Dr
    Columbus, OH 43230
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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